International Finance and Financial Management Blog

Volkswagen Scandal endangers Trustworthiness The German Government is at the centre of the Volkswagen Scandal, after admitting it had been aware in July for the car - manufacturing fraud.  The software has been installed in nearly 500,000 cars that made them appear to run cleaner in the emissions tests, against the actual performance in the road.  The giant car manufacturer will face harsh fines, reaching more than $18 billion.  Merkel's administration has set up an official commission of inquiry into the VW affair, headed by Michael Odenwald and aims for an immediate settlement. US regulator: It all started three years ago, when the Federal officials realized that some VW cars were passing emissions tests in labs but polluting more on the road, causing VW to be under close scrutiny from U.S regulators. The Environmental Protection Agency revealed on the 18 th of September, that VW programmed the device software to run the engine with the maximum anti...

US considers extending laptop ban to Europe and UK flights The global era of 2017 is far from good and peaceful. The post-crisis period is one of the most difficult periods in the global modern history. At the same time, the great threat of terrorism worldwide, works as a backdrop to globalisation prevents some of the freedoms that were available in the previous decade. The winning election of Donald Trump played a vital role in the reversal of the situation. Following the article of Demetris Sevastopulos on the Financial Times, ‘US considers extending laptop ban to Europe and UK flights’, the negative effects of terrorism lead to negative consequences on international trade and more general in globalisation. The criticism that Trump’s government accepts is unique and the greatest of all, compared to the last at least 5 government of the United States of America. Their decision to ban the entrance of citizens of countries such as Iran, Iraq and Somalia was badly criticised and a...